American Financial Realty Trust Appoints Harold W. Pote to Board of Trustees.JENKINTOWN, Pa. -- American Financial Realty Trust (NYSE NYSE See: New York Stock Exchange :AFR AFR African AFR Australian Financial Review AFR Afrikaans (South African language) AFR Air France (ICAO code) AFR Alternate Frame Rendering AFR Applicable Federal Rate ), a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, announced today that Harold W. Pote, renowned financial industry leader and director of public companies, has joined the Company's Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. . Mr. Pote will serve as an independent board member as determined under the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. listing standards, and will occupy a position on the Board of Trustees' Audit, Compensation and Human Resources and Finance Committees. Mr. Pote's deep banking and financial services experience includes serving as Vice Chairman of Retail Financial Services for JPMorgan Chase & Co., where he was responsible for bank acquisitions. Additionally, Mr. Pote was Executive Vice President and head of Chase Regional Banking. Prior to joining JPMorgan Chase & Co., he was a founding partner of The Beacon Group, a private investment partnership that was acquired in July 2000 by Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (now JPMorgan Chase & Co.). Before co- founding The Beacon Group, Mr. Pote was Chief Executive Officer of First Fidelity Bancorporation. "We are fortunate to add to our board, a trustee that will help enrich our board oversight and governance from the perspective of international, national and regional financial institutions, AFR's key areas of specialization," said Nicholas S. Schorsch, president and chief executive officer. "Hal is very well respected as an industry thought leader, and brings a rich corporate and community consciousness to AFR with him. We know he will enhance our Company and add value to business operations." Mr. Pote serves on the board of Norfolk Southern Corporation (NYSE). In addition, he serves on the boards of the Museum of Arts & Design, Drexel University, and the Spina Bifida Foundation, of which he is president. He previously served on the board of SmithKline Beecham (now GlaxoSmithKline). He also previously served on the President's Foreign Intelligence Advisory Board The President's Foreign Intelligence Advisory Board (PFIAB) is an advisor to the Executive Office of the President of the United States. According to its self-description, it "... and the Intelligence Oversight Board, Washington, D.C. Mr. Pote holds a Bachelors Degree from Princeton University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard University. About American Financial Realty Trust American Financial Realty Trust is a self-administered, self-managed real estate investment trust that acquires properties from, and leases properties to, regulated financial institutions. The Company owns and manages its assets primarily under long-term triple net and bond net leases with banks. The Company is led by chief executive officer Nicholas S. Schorsch and non-executive chairman Lewis S. Ranieri. The Company is traded on the New York Stock Exchange under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors AFR. For more information on American Financial Realty Trust, visit the Company's website at http://www.afrt.com. |
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